November 7, 2012 / 11:54 PM / in 6 years

Bank of Canada's Carney says has no plans to enter politics

OTTAWA (Reuters) - Canada’s central bank chief Mark Carney said on Wednesday he has no plans to get involved in politics in his strongest denial yet of reports that he might run for leadership of the floundering Liberal Party.

Bank of Canada Governor Mark Carney waits to testify before the Commons finance committee on Parliament Hill in Ottawa October 30, 2012. REUTERS/Chris Wattie

“I have no intention of seeking political office,” Carney told the Canadian Broadcasting Corporation in an interview.

“I’m governor of the Bank of Canada, I have responsibilities. I’m going to be a central banker for some time, God willing, and there’s lots to do,” he said.

The once-mighty Liberals, who ruled Canada for most of its existence, were reduced to third-party status in the 2011 general election when they recorded their worst-ever showing.

As the party searches for a new leader to help it make a comeback, Carney’s name has come up as a possible contender, although he has never been elected to political office.

In previous interviews when Carney, 47, was asked about his political ambitions he was less adamant. Last month, he replied to Sun News Network that he had about two years left in his current job and that he was too busy to think about his future.

Carney’s seven-year mandate as Bank of Canada governor ends in early 2015.

He was also named as chair of the Financial Stability Board, the regulatory task force of the Group of 20 leading economies, in November 2011 for a three-year term.

Reporting by Louise Egan

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